Here are the top business stories making the headlines in the morning newspapers.
Kwarteng at Windfall Tax meeting
UK business secretary Kwasi Kwarteng will meet with North Sea oil and gas producers today to discuss the Government's windfall tax.
Energy Voice says the roundtable discussion will be attended by executives of North Sea-focused firms such as Harbour Energy and Neptune Energy Group.
The talks come in response to the Government's new levy which was passed into law earlier this month increases taxation on oil and gas profits by 25%.
Independent producers have said that the tax will disproportionately affect them compared to major oil companies, some of which have been posting record profits thanks to soaring energy prices.
Trade body Offshore Energies UK has also been seeking talks with new Chancellor Nadhim Zahawi on the windfall tax issue.
EU members agree to cut gas use
European Union members have agreed to cut gas use in case Russia halts supplies, but some countries will have exemptions to avoid rationing.
EU members, locked in talks since the idea was suggested last week, have now agreed to voluntarily reduce 15% of gas use between August and March.
The BBC says the deal was watered down after previously not having exemptions.
The EU has said its aim from the deal is to make savings and store gas ahead of winter, warning that Russia is "continuously using energy supplies as a weapon".
The voluntary agreement would become mandatory if supplies reach crisis levels.
However, some countries not connected to the EU's gas pipelines, such as Ireland, Malta and Cyprus, would be exempt from any mandatory gas-reduction order as they would not be able to source alternative supplies.
Elsewhere the Baltic nations, which are not hooked up to the European electricity system and are heavily reliant on gas for electricity production, are also exempt from compulsory targets in order to avoid the risk of an electricity supply crisis.
Heathrow responds to 'bizarre' criticism from Ryanair
The boss of Heathrow Airport has hit back at criticism from Ryanair, saying it is "bizarre" to blame airports for not having enough staff.
Chief executive John Holland-Kaye told the BBC it was up to airlines, not airports, to provide ground-handling workers.
On Monday, a Ryanair executive criticised airports for not recruiting enough staff to cater for the rebound in travellers.
Thousands of passengers have faced delays and cancellations recently.
A shortage of staff has contributed to the disruption. Airports and airlines, which cut jobs during Covid lockdowns, have struggled to recruit workers as demand for travel has returned.
Ground-handling staff are responsible for a range of services at airports, including loading and unloading baggage.
The row came as the UK's largest airport reported £263million pre-tax profits for the first half of the year. However, on an adjusted basis, which strips out the impact of changes in interest rates, Heathrow posted losses before tax of £321million for the period.
UK growth lags rest of G7
The UK is set for the slowest growth of the G7 richest economies next year, the International Monetary Fund has warned.
According to the BBC, it is predicting UK growth will fall to just 0.5% in 2023, much lower than its forecast in April of 1.2%.
The global economy has shrunk for the first time since 2020, the IMF said, hit by the Ukraine war and Covid-19.
With growth stalling in the UK, US, China and Europe, the world "may soon be teetering on the edge of a global recession", it said.
Out-of-this-world price for space jacket
The space jacket worn by Buzz Aldrin while flying to the Moon has sold at a New York auction for £2.3million.
Adorned with a US flag and Nasa logo, Mr Aldrin wore the white in-flight jacket while speeding through space in Apollo 11's command module Columbia.
It is one of 69 personal belongings that the 92-year-old decided to put up for sale, says the BBC.
The jacket was sold by Sotheby's and becomes the most valuable American space artefact ever sold at auction.
The former astronaut travelled to the Moon in 1969 and is the only living member of the mission's three-man crew.